Tue Jul 30, 2013, 11:40 AM
ProSense (116,464 posts)
The Consumer Financial Protection Bureau gets busyThe Consumer Financial Protection Bureau gets busy
by Jen Hayden The Consumer Protection Financial Bureau, which was created with the help of Senator Elizabeth Warren, is getting down to business and suing a Utah-based mortgage company: The Consumer Financial Protection Bureau on Tuesday sued Castle & Cooke Mortgage, accusing it of paying illegal bonuses to employees who steered home buyers toward higher-interest loans. From recently approved CFPB Director Richard Cordray: “Today we are taking action against the type of practices that precipitated the financial crisis,” said CFPB Director Richard Cordray. “Consumers should be able to get a mortgage without worrying about how the financial incentives of their loan officers may cause them to pay higher rates than they actually qualify for.” From the CFPB's press release: The CFPB’s complaint seeks to: Let's hope the Consumer Financial Protection Bureau is just getting started and this is the first of many cases they bring against those who make a living ripping off the American consumer. http://www.dailykos.com/story/2013/07/30/1227503/-Utah-based-mortgage-company-is-target-of-Consumer-Financial-Protection-Bureau-lawsuit Progress. Elizabeth Warren: Cordray Vote ‘A Historic Day For Working Families’
Sen. Elizabeth Warren (D-MA) took to Twitter on Tuesday in praise of the Senate's vote to advance Richard Cordray's nomination to the Consumer Financial Protection Bureau, calling it a "historic day for working families." Elizabeth Warren ✔ @elizabethforma http://livewire.talkingpointsmemo.com/entry/elizabeth-warren-cordray-vote-historic-day-for-working Remarks by Senator Elizabeth Warren on the Re-Nomination of Rich Cordray to be Director of the Consumer Financial Protection Bureau http://www.warren.senate.gov/?p=press_release&id=180
|
13 replies, 1835 views
![]() |
Author | Time | Post |
![]() |
ProSense | Jul 2013 | OP |
JaneyVee | Jul 2013 | #1 | |
ProSense | Jul 2013 | #2 | |
SunSeeker | Jul 2013 | #3 | |
FSogol | Jul 2013 | #4 | |
MineralMan | Jul 2013 | #5 | |
sheshe2 | Jul 2013 | #6 | |
ProSense | Jul 2013 | #7 | |
Scuba | Jul 2013 | #8 | |
ProSense | Jul 2013 | #11 | |
Scuba | Jul 2013 | #12 | |
ProSense | Aug 2013 | #13 | |
AtomicKitten | Jul 2013 | #9 | |
ProSense | Jul 2013 | #10 |
Response to ProSense (Original post)
Tue Jul 30, 2013, 11:53 AM
JaneyVee (19,877 posts)
1. Come one, come all! And celebrate a positive accomplishment from the Obama administration!
Oh wait, I almost forgot where I was for a moment.
|
Response to ProSense (Original post)
Tue Jul 30, 2013, 12:36 PM
MineralMan (135,954 posts)
5. Stuff Takes Time.
It always takes time.
|
Response to ProSense (Original post)
Tue Jul 30, 2013, 12:39 PM
sheshe2 (69,789 posts)
6. CFPB!
Fired up and Already going!
![]() |
Response to sheshe2 (Reply #6)
Tue Jul 30, 2013, 01:01 PM
ProSense (116,464 posts)
7. Republicans hate the CFPB for a reason. n/t
|
Response to ProSense (Original post)
Tue Jul 30, 2013, 01:10 PM
Scuba (53,475 posts)
8. It's a start.
Response to Scuba (Reply #8)
Tue Jul 30, 2013, 06:11 PM
ProSense (116,464 posts)
11. It's a great start. n/t
Response to ProSense (Reply #11)
Tue Jul 30, 2013, 06:19 PM
Scuba (53,475 posts)
12. Actually, it's an anemic start. Castle & Cooke Mortgage is not exactly Goldman Sachs.
Response to ProSense (Original post)
Tue Jul 30, 2013, 01:14 PM
AtomicKitten (46,585 posts)
9. I utilized their services and they were top notch!
I opened a second account at my credit union and they put all the new account restrictions on it. I objected, they told me to piss off. So I sent an email to the CFPB and heard back from them the next day. They did an inquiry and sent my complaint to the board that oversees credit unions. I received a letter from them in 1 week saying they looked over my complaint and found .... I was right! They gave my second account the same preferred status as the first.
All's well that ends well. Thanks CFBP! |
Response to AtomicKitten (Reply #9)
Tue Jul 30, 2013, 01:28 PM
ProSense (116,464 posts)